In this episode, Alex McFadyen welcomes Ron Butler. Ron dives into the ongoing real estate crisis in Toronto and its broader implications for the Canadian market. He discusses the sharp decline in the value of commercial land and multifamily properties, particularly the 50% drop in condo prices over the past 14 months. Ron explores the potential consequences if a significant percentage of pre-sale buyers refuse to close on their purchases, drawing parallels to the 1993 condo market crash. The conversation also touches on inflated housing prices, high mortgage rates, and the economic dynamics affecting housing supply and demand in Canada, including government policies and development fees. Ron offers a bleak yet realistic perspective on the future of Toronto's condo market and provides insights into potential solutions and opportunities for buyers and developers.

*****

Ron is known for his candid and passionate style, often using colorful language and profanity to express his opinions. He covers a range of topics, from the latest developments in mortgage rates to the inner workings of banks and lenders. The show is geared towards both individuals and businesses looking to stay informed and up-to-date on the latest news and trends in the industry. With his extensive knowledge and frank opinions, Ron provides a refreshing and entertaining perspective on the world of mortgages. Ron has over 28 years of experience in the Mortgage Broker world.

Ron is the host of the “Angry Mortgage” Podcast. Find that wherever you listen to podcasts and on YouTube (@angrymortgage).Find Ron on Social Media (X, Instagram, TikTok, etc.): @ronmortgageguy

**********

Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!

https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course

For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco

Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.